From Blii H.

“Last week Barrick Resources announced the postponement of their giant Pascua Lama mine. This was to be one of the world’s largest mines and is now tied up in litigation over true ownership as it appears to show that Barrick does not have clear title. The probable reserves were nearly 18 million ounces of gold and almost 700 million ounces of silver. Work on this mine was completely ceased last Wednesday.

‘Last Wednesday’ was also an important day for the Kennecott copper mine in Utah, the ground started to shift more rapidly prior to this weekend’s landslide. They knew this was coming as they closed the visitor center on April 1 and had all equipment and personnel out of harms’ way. This mine produces some 400,000 ounces of gold and over 3 million ounces of silver as a by-product of copper; this is the largest copper mine on the planet. Have you heard even a peep out of the mainstream media on this? I didn’t think so.

Is it not strange that these two events came to a head last Wednesday? The same day that out of nowhere gold reversed from being up and give up $40? And then of course there was Friday with $85 and another $75 this morning. Gold is now down $200 per ounce in just over 3 trading days. Between these two projects, one not coming online and the other going off line, a VERY significant amount of production is not going to happen. Does this make sense? Did you not learn in school that ‘less’ supply meant higher prices? In the real world?

We don’t live in ‘the real world,’ we live in a world where everything financial is manipulated.

Here is what I see happening. They knew that this mine was going to collapse and the production would stop. Then the ruling on the Pascua Lama mine was sent down. Last Thursday President Obama met with 15 heads of the biggest banks and brokers in the country, THIS was discussed as sure as the Sun came up this morning: we have hit the bottom of the barrel! Reserves that could be fed into the market are and have dried up at the same time that production has dropped and future production delayed. The paper game is blowing up …RIGHT NOW and the topic of discussion at the White House was about “how it would play out”.

The COMEX will default in the next week or several weeks and people will be ‘settled’ with Dollars, no more metal will be delivered! So, knowing that ‘game over’ has arrived, they are dumping a massive volume of paper contracts with impunity to push the metals prices as low as possible before the ‘default’.”